To: writer33
A major part of the legislation would allow the Federal Housing Administration to insure $300 billion in new loans for at-risk borrowers if lenders agree to write down loan balances below the appraised value of borrowers' homes.Do lenders pay property taxes on the new, lowered value or on the old, original value? Something smells.
16 posted on
05/19/2008 6:55:45 PM PDT by
Libloather
(May is Liberal Awareness Month.)
To: Libloather
Do lenders pay property taxes on the new, lowered value or on the old, original value? Something smells.Good question, but what smells is liberalism.
18 posted on
05/19/2008 7:14:12 PM PDT by
writer33
(The U.S. Constitution defines a conservative and Rush Limbaugh knows it.)
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